Apple overtakes Nvidia to become world's most valuable company again
Apple has reclaimed its position as the world's most valuable company, surpassing Nvidia as investor sentiment shifts away from AI-focused hardware stocks. The shift follows a 3.7% drop in Nvidia's stock and positive momentum for Apple, bolstered by the upcoming launch of Apple Intelligence in China.
Why it matters
This shift highlights a broader market re-evaluation of AI infrastructure spending and the long-term growth potential of established consumer tech ecosystems.
Apple Inc has once again become the world's most valuable company, overtaking Nvidia after the chipmaker's shares fell sharply on Friday, according to a Bloomberg report.Nvidia's stock dropped 3.7%, reducing its market value to about $4.8 trillion. Apple, meanwhile, gained 0.4%, pushing its valuation to around $4.9 trillion and reclaiming the top spot for the first time since Nvidia overtook it in May 2025.According to Bloomberg, investors are shifting away from companies that have benefited the most from the artificial intelligence (AI) boom and are moving towards firms seen as better positioned for long-term growth. Apple has emerged as one of the biggest beneficiaries of this trend.Apple's shares have surged 21% since hitting a low in June and are now up 23% for the year, making it the best-performing stock among the "Magnificent Seven" technology giants.
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